Ranger Investment Management L.P. Makes New $21.78 Million Investment in Jones Lang LaSalle Incorporated $JLL

Ranger Investment Management L.P. bought a new stake in Jones Lang LaSalle Incorporated (NYSE:JLL) during the 2nd quarter, Holdings Channel reports. The firm bought 70,269 shares of the financial services provider’s stock, valued at approximately $21,780,000. Jones Lang LaSalle accounts for about 1.4% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 26th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Jones Lang LaSalle during the 2nd quarter worth $1,446,414,000. Price T Rowe Associates Inc. MD boosted its position in shares of Jones Lang LaSalle by 17.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,180,514 shares of the financial services provider’s stock valued at $397,209,000 after acquiring an additional 178,677 shares during the period. Swedbank AB grew its stake in shares of Jones Lang LaSalle by 0.5% in the fourth quarter. Swedbank AB now owns 993,742 shares of the financial services provider’s stock valued at $334,364,000 after acquiring an additional 4,543 shares in the last quarter. Geode Capital Management LLC increased its position in Jones Lang LaSalle by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 990,836 shares of the financial services provider’s stock worth $333,451,000 after acquiring an additional 15,995 shares during the period. Finally, AQR Capital Management LLC raised its stake in Jones Lang LaSalle by 426.7% in the 4th quarter. AQR Capital Management LLC now owns 899,625 shares of the financial services provider’s stock worth $302,697,000 after purchasing an additional 728,824 shares in the last quarter. 94.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on JLL shares. Barclays boosted their price target on Jones Lang LaSalle from $368.00 to $401.00 and gave the company an “equal weight” rating in a research note on Monday, August 17th. Keefe, Bruyette & Woods lifted their price objective on Jones Lang LaSalle from $375.00 to $415.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Zacks Research downgraded Jones Lang LaSalle from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings raised Jones Lang LaSalle from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 18th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $500.00 price target on shares of Jones Lang LaSalle in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Jones Lang LaSalle currently has an average rating of “Moderate Buy” and an average target price of $423.33.

Insider Buying and Selling at Jones Lang LaSalle

In other Jones Lang LaSalle news, CEO Christian Ulbrich sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $385.53, for a total value of $771,060.00. Following the completion of the transaction, the chief executive officer directly owned 138,418 shares in the company, valued at approximately $53,364,291.54. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Larry Quinlan sold 402 shares of Jones Lang LaSalle stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $301.73, for a total value of $121,295.46. Following the sale, the director directly owned 4,369 shares in the company, valued at $1,318,258.37. The trade was a 8.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,805 shares of company stock worth $2,511,297. 0.91% of the stock is currently owned by company insiders.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL opened at $387.68 on Monday. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 18.58 and a beta of 1.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.40 and a quick ratio of 2.40. The firm has a 50 day simple moving average of $335.69 and a 200 day simple moving average of $318.94. Jones Lang LaSalle Incorporated has a one year low of $259.83 and a one year high of $393.84.

Jones Lang LaSalle (NYSE:JLL) last issued its earnings results on Thursday, July 30th. The financial services provider reported $5.26 earnings per share for the quarter, beating analysts’ consensus estimates of $4.56 by $0.70. The firm had revenue of $6.93 billion for the quarter, compared to analyst estimates of $6.88 billion. Jones Lang LaSalle had a net margin of 3.64% and a return on equity of 13.99%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $3.30 earnings per share. Research analysts predict that Jones Lang LaSalle Incorporated will post 24.59 earnings per share for the current fiscal year.

Jones Lang LaSalle Profile

Jones Lang LaSalle Incorporated (NYSE: JLL) is a leading professional services firm specializing in real estate and investment management. The company provides a broad range of services including leasing, advisory, property and asset management, capital markets, project and development services, and valuation. Through its integrated platform, JLL serves corporate occupiers, institutional investors, real estate owners and developers, offering tailored solutions that span the entire real estate lifecycle.

Founded in 1783 in London as Jones Lang Wootton, the firm established a reputation for expertise in property management and brokerage.